The company confirmed its full-year outlook on a currency-adjusted basis, saying the conflict in the Middle East doesn’t have any material impact on guidance as things stand. At the same time, it said it’s remaining vigilant in case of higher prices for energy, raw materials and logistics and will implement “appropriate countermeasures” if needed.
(May 12): Bayer AG posted better-than-expected profit in the first quarter, underpinned by a robust performance in its crop science unit, including a boost from soybean seeds and traits. Shares gained.
Adjusted first-quarter earnings rose to €4.45 billion before interest, taxes, depreciation and amortisation, Bayer said Tuesday. That exceeded the €3.9 billion consensus forecast in a Bloomberg survey of analysts.
